A business hub in a strategic location
Cyprus has been attracting foreign investors and business people for decades who gradually transformed the island into a business hub and a very attractive destination for international businesses.
Today, besides the local businesses, Cyprus hosts numerous major foreign shipping companies, forex companies, banks and a lot more. The reason Cyprus attracts foreign investment like a magnet is that it offers many competitive advantages when it comes to business.
The island is a well-established business hub, which offers a plethora of investment opportunities in crucial sectors of the economy. The geostrategic location, the advanced infrastructure and the business-friendly regulatory structure are just some of the factors that make Cyprus an ideal location for investment.
Cyprus as a member state of the European Union since 2004 enjoys all the benefits that the European single market can offer, such as the removal of trade barriers, reduction of business costs, elimination of anti-competitive practices, reduced paperwork, free movement within the E.U and of course it is fully harmonized with the safety and technical standards of the Union.
The infrastructure is well suited for a modern business environment and allows for great efficiency. The high-quality road network, the cutting-edge deep port facilities as well as the two international airports, make transportation in the Island cost and time efficient. The island is located at the crossroads of 3 continents and has an appropriate time zone for conducting business throughout Europe, Asia, Middle East and Africa.
The legal system in Cyprus is based on the English Common Law principles, a very business-friendly and effective system that allows businesses to operate within a reliable and fully transparent framework. The tax regime is very appealing and complies fully with the EU, OECD and international laws and regulations. It provides access to a network of more than 60 Double Tax Treaties and maintains a corporate tax rate of 12.5%, which is one of the lowest in the European Union. Working within the tax and regulatory regime of Cyprus, provides businesses with the right environment to operate, expand and thrive.
Cyprus offers a broad range of high-quality professional services, and it ranks amongst the top countries in the E.U for tertiary education per capita. Besides the Greek language, the majority of people speak fluent English. Besides the more technical advantages, Cyprus has to offer, the climate, safety, as well as the friendly local people come in to enhance the experience of business owners and investors, making the overall environment they work in much more pleasant and productive.
